Silver Lake, Co-investors To Put Additional Rs 4,546.80 Cr In Jio Platforms
Reliance Industries Limited and
JioPlatforms Limited announced on Friday that Silver Lake and its co-investors would put Rs 4,546.80 crore more in
JioPlatforms, in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4. This brings the aggregate investment by Silver Lake and co-investors to Ts 10,202.55 crore. Silver Lake's investment values
JioPlatforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. The investment would translate into a 2.08 per cent equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised a total of Rs 92,202.15 crore from leading technology investors in less than six weeks.
Jio Platforms, a wholly owned subsidiary of Reliance Industries, is the group's technology arm providing affordable digital services across India, with more than 388 million subscribers. It has made significant investments across its digital ecosystem of technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain.
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